Science Applications International Corporation (SAIC), Inc. recently procured a $102 million-worth contract from County of Orange, Calif. to provide information technology (IT) services to various departments within the county. As per the contract, SAIC,Inc will provide IT service management including desktop services; data center management and also help in upgrading applications, thereby making IT services more cost effective for Orange County.
Orange County consists of 25 departments with businesses including public safety, public health, environmental, social services, aviation, among others. Through its technological expertise, SAIC, Inc aims to provide adequate support services to County and centralize the IT services. With the services from SAIC,Inc, Orange County will be able to respond effectively to modernize its IT managed services.
Recently in May, SAIC,Inc procured a prime contract worth $495 million from the Joint Program Executive Office for Chemical and Biological Defense (JPEO-CBD). SAIC,Inc will be providing program, engineering, medical, and technical support services under the multiple-award indefinite-delivery/indefinite-quantity (ID/IQ) contract.
Back-to-back contract wins act as growth catalysts. SAIC,Inc reported annual revenues of $11.2 billion for fiscal year ended Jan 31, 2013 representing 5.7% year-over-year growth.
Since its inception in 1969, SAIC,Inc has utilized its vast domain knowledge to solve critical problems of the country in areas such as national security, energy and the environment, critical infrastructure, and health.
SAIC,Inc currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth considering now include Providence Service Corp (PRSC - Snapshot Report) with a Zacks Rank #1 (Strong Buy), MAXIMUS, lnc. (MMS - Snapshot Report) and Huron Consulting Group Inc. (HURN - Snapshot Report) ; each carrying a Zacks Rank #2 (Buy).